**(c)**This Agreement is a net lease
in which the direct operating costs, maintenance and taxes relating to the lease and Lessee’s possession and use of the Aircraft, including but not limited to personal property tax on the Aircraft for the term of the Lease, hangarage and
insuring the Aircraft will be paid by Lessee. 

 2.        **TERM
OF AGREEMENT**. The term of this Agreement shall commence on the Effective Date and shall continue in full force and effect for **36 Months**, unless earlier terminated pursuant to
**Section 15** (the **“****Lease Term**”). 

 3.        **LEASE PAYMENTS** 

 **(a)**Lessee shall pay, directly to the provider thereof, all costs, expenses, fees, and charges incurred in connection with the Lease Operations as such arise during the Lease Term.


 **(b)**Lessee shall pay to Lessor an amount equal to **$375,000**per calendar month, payable in advance at Lessor’s address (as set forth on the signature page hereto) on the first business day of the month beginning **June 1, 2008** and on each succeeding calendar month throughout the Lease Term
(the **“Basic Rent”**). Basic Rent shall also be prorated and payable on the Effective Date for the partial month ending **May 31, 2008.** The final Basic Rent payment due on the first business day of the final month of the
Lease Term shall also be prorated for the remaining number of days in the Lease Term.